COUNTRY •
CANADA
Last Update: 2 Oct 2023 2:15 GMT+0
The Canada 10Y Government Bond has a 4.069% yield.
10 Years vs 2 Years bond spread is -86.5 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 5.00% (last modification in July 2023).
The Canada credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 39.60 and implied probability of default is 0.66%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 5.054% | +5.4 bp | +64.7 bp | 29 Sep | |||||
| 2 months | 5.137% | +6.9 bp | +70.4 bp | 29 Sep | |||||
| 3 months | 5.213% | +3.0 bp | +76.7 bp | 29 Sep | |||||
| 6 months | 5.265% | +8.3 bp | +80.0 bp | 29 Sep | |||||
| 1 year | 5.287% | +16.0 bp | +90.1 bp | 94.98 | -0.15 % | -0.86 % | 29 Sep | ||
| 2 years | 4.934% | +33.2 bp | +116.0 bp | 90.82 | -0.62 % | -2.20 % | 29 Sep | ||
| 3 years | 4.694% | +32.9 bp | +116.0 bp | 87.14 | -0.94 % | -3.30 % | 29 Sep | ||
| 4 years | 4.565% | +37.4 bp | +133.8 bp | 83.65 | -1.43 % | -5.02 % | 29 Sep | ||
| 5 years | 4.293% | +41.2 bp | +125.4 bp | 81.04 | -1.96 % | -5.88 % | 29 Sep | ||
| 7 years | 4.144% | +43.7 bp | +123.3 bp | 75.26 | -2.90 % | -8.00 % | 29 Sep | ||
| 10 years | 4.069% | +47.1 bp | +115.2 bp | 67.11 | -4.43 % | -10.53 % | 29 Sep | ||
| 20 years | 4.029% | +44.7 bp | +92.4 bp | 45.38 | -8.27 % | -16.35 % | 29 Sep | ||
| 30 years | 3.849% | +40.2 bp | +82.8 bp | 32.21 | -10.97 % | -21.34 % | 29 Sep | ||
Last Update: 2 Oct 2023 2:15 GMT+0
Canada Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (5.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.849% | -115.1 bp | ||||||
| 10 years | 4.069% | -93.1 bp | ||||||
| 5 years | 4.293% | -70.7 bp | ||||||
| 2 years | 4.934% | -6.6 bp | ||||||
| 1 year | 5.287% | 28.7 bp | ||||||
| 3 months | 5.213% | 21.3 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -35.3 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -64.1 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -86.5 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Canada Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Canada Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AA+
|
- |
| DBRS |
AAA
|
- |
Canada Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 5.00% |
Canada Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 39.60 | +0.38 % | +0.35 % | +20.36 % | 0.66 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Canada 10Y Bond Yield Spread
The Canada 10Y Government Bond has a 4.069% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Canada 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 330.9 bp | +33.2 bp | +72.1 bp | Compare | |
| China 10Y | 136.3 bp | +38.8 bp | +132.0 bp | Compare | |
| Germany 10Y | 118.3 bp | +12.5 bp | +55.2 bp | Compare | |
| France 10Y | 62.7 bp | +10.5 bp | +49.4 bp | Compare | |
| Spain 10Y | 10.6 bp | +7.2 bp | +48.4 bp | Compare | |
| Australia 10Y | -47.5 bp | -3.1 bp | -15.5 bp | Compare | |
| United Kingdom 10Y | -49.9 bp | +30.5 bp | +4.9 bp | Compare | |
| United States 10Y | -59.6 bp | -1.3 bp | -4.0 bp | Compare | |
| Italy 10Y | -71.7 bp | -8.4 bp | +44.3 bp | Compare | |
| India 10Y | -314.1 bp | +43.6 bp | +125.7 bp | Compare | |
| Brazil 10Y | -764.2 bp | -8.8 bp | +234.1 bp | Compare | |
| Russia 10Y | -898.1 bp | -50.9 bp | -159.8 bp | Compare |
Canada Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 3.849% | 32.21 | 49.82 | 85.05 | 120.27 | 155.50 | 190.73 | ||
| 20 years | 4.029% | 45.38 | 58.94 | 86.05 | 113.16 | 140.27 | 167.38 | ||
| 10 years | 4.069% | 67.11 | 75.19 | 91.36 | 107.53 | 123.69 | 139.86 | ||
| 7 years | 4.144% | 75.26 | 81.23 | 93.17 | 105.11 | 117.05 | 128.99 | ||
| 5 years | 4.293% | 81.04 | 85.46 | 94.29 | 103.12 | 111.95 | 120.78 | ||
| 4 years | 4.565% | 83.65 | 87.23 | 94.39 | 101.56 | 108.72 | 115.89 | ||
| 3 years | 4.694% | 87.14 | 89.88 | 95.36 | 100.84 | 106.32 | 111.79 | ||
| 2 years | 4.934% | 90.82 | 92.68 | 96.40 | 100.12 | 103.85 | 107.57 | ||
| 1 year | 5.287% | 94.98 | 95.93 | 97.83 | 99.73 | 101.63 | 103.53 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||